Washington DC – Last week the IMF and World Bank meetings concluded as world leaders raised grave concerns on the future of the global economy. Debt will rise to more than 100% by 2029 according to the IMF.

"The only consensus reached as we left the IMF meetings and now head to South Africa for the G20 Summit, is that we must deal with global debt and improve how our global economy functions," noted Eric LeCompte the Executive Director of Jubilee USA Network and a United Nations debt expert.

Jubilee USA, Caritas Internationalis and other groups delivered to the IMF and World Bank a petition with 200,000 signatures calling for debt relief for developing countries. In the week preceding the meetings, in his first major official doctrinal document, Pope Leo XIV urged world leaders to take action in order to end global poverty.

Read Jubilee USA's statement on the IMFC meetings here.

Read Jubilee USA's statement on the G20 ministerial meeting here.

Read Jubilee USA's press release on the IMF Global Financial Stability Report and World Economic Outlook report here.

Read Jubilee USA's statement on the IMF World Economic Outlook Report here.

Read Jubilee USA's statement on the Global Financial Stability Report here.

View and join Jubilee's events this week at the IMF, World Bank and G20 meetings here.

Read Jubilee USA's press release on IMF chief Kristalina Georgieva's curtain-raiser speech here.

Read our Jubilee analysis on Pope Leo's first official teaching document “Dilexi Te,” released ahead of this week's meetings calling on world leaders to ensure the poor are at the center of economic decisions, here.